Reported 14 days ago
Oracle announced its cloud revenue is projected to reach $166 billion by fiscal 2030, significantly increasing from $10 billion in fiscal 2025, indicating a 75% annual growth rate. This optimistic outlook led to a 4% rise in Oracle's stock, which has appreciated by 88% this year. The announcement coincided with Oracle's collaboration with Nvidia on advanced computing technologies and a significant deal with OpenAI.
Source: YAHOO